Retail FOMO Triggers Bitcoin Surge, But Potential Correction Looms

Bitcoin’s recent surge above $94,000 has sparked excitement among retail traders, but experts are warning of a possible price retracement. On-chain analytics firm Santiment highlights this phenomenon, noting a spike in FOMO (fear of missing out) behavior among smaller investors following the recent price jump. This crowd reaction, according to Santiment, is often indicative of market tops. The team suggests that $100,000 may be achievable in the near future but cautions against complacency as sustained growth might require a cooling off period.